Friday, December 18, 2015

HFF secures capital for development of 101 Center in downtown Arlington, TX

Rendering of planned 101 Center, Downtown Arlington, TX
(Rendering by WDG Architecture Dallas, PLLC)

Jeremy Sain
DALLAS, TX –- Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured capital for the development of 101 Center, an upscale, urban mixed-use property in downtown Arlington, Texas.

HFF worked on behalf of a joint venture between Catalyst Urban Development and LandPlan Development to secure first mortgage construction financing through Bank of the Ozarks and equity through Canyon Partners Real Estate LLC.

Due for completion in June 2017, 101 Center is the initial phase of Arlington City Center, a downtown core redevelopment project that includes a new central library, city council chambers, public plaza and private mixed-use development, all set within new urban streetscapes.

 The 2.35-acre site is located at 101 S. Center Street, across from Arlington City Hall and approximately two blocks north of the University of Texas at Arlington campus, which has grown to more than 47,000 students and 1,500 faculty members.

 The property will have 244 residential units in various housing categories and will include “live-work-play” spaces at street level and approximately 18,500 square feet of ground-floor retail.  This project is being completed in partnership with the City of Arlington and includes a public/private parking garage.

The HFF team representing the developer was led by associate director Jeremy Sain.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
HFF PR Coordinator, Marketing
(713) 852-3500

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